Bharat Book Bureau Provides the Trending Market Research Report on “Global Smart Weapons Market By Platform (Airborne, Land-based, Naval), By Product (Missiles, Munitions, Guided Projectile, Guided Rocket, and Guided Firearms), By Technology (Laser, Infrared, Radar, GPS, and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027” under defence market analysis report Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.
“Global Smart Weapons Market, Drug Price, Patent, Dosage & Clinical Trials Insight 2027” Report Highlights:
The global smart weapons market is projected to propelling due to the rise in military spending of developing countries, the shift in nature of warfare, and demand dynamics of weapons changing across the globe
The global smart weapons market size was value at USD 14.05 billion in 2019 and expected to grow at a CAGR of over 5.6 % during the forecast period, 2020-2027. The key factors are the growing demand for the smart weapons market embedded with biometric technology in smart weapons such as palm print scanners or voice recognition.
Further, the surge in the application of smart weapons in the defense sector, such as in war and security, will boom the growth of the global smart weapons market share in the estimated periods. The rapid integration of various navigation & communication technologies in weapon systems will accelerate the growth of the smart weapons industry in the analysis timeframe. Additionally, the growing defense budget and on-going research and development activities in developed countries are expected to witness remarkable growth in the analysis timeframe. The procurement of smart weapons by the defense sector, mainly driven by the rise in terrorist activities globally, will augment the growth of the global smart weapons industry in the coming years.
Moreover, the upsurge in demand for integrated navigation & the communication abilities of weapon systems to improve accuracy and significantly improve the chances of hitting the target are expected to drive smart weapons sales across the world. The recent development in smart weapons such as high efficiency and longer range enable the technology to reach a broader segment of consumers. These factors projected to trigger the robust growth of smart weapons across the globe over the forecast span.
Platform Overview in the Global Smart Weapons Market
Based on the platform, the global smart weapons market classified into airborne, land-based, and naval. The land-based segment will be the fastest-growing segment in the forecast period. It is attributable to the rise in demand for the air-to-ground missile, which provides advanced line-of-sight and beyond-line-of-sight capabilities, increased range, and rising lethality against soft and hard, moving and stationary targets.
Technology Overview in the Global Smart Weapons market
Based on the technology, the global smart weapons market categorized into laser, infrared, radar, GPS, and others. The infrared segment is projected to grow at the highest CAGR during the forecast period due to the increasing use of infrared to destroy weapons in the military war zone. The infrared-based smart weapons are air-to-air missiles and surface-to-air missiles and include small, shoulder-fired weapons.
Product Overview in the Global Smart Weapons Market
Based on the product, the global smart weapons market segregated into missiles, munitions, guided projectile, guided rocket, and guided firearms. The munitions segment generated the most substantial revenue in 2019 due to the surge in demand for smart weapons for tactical operations, rising territorial disputes, and increasing need for precision munitions. Additionally, the development of advanced electro-optical precision integration kits and sensor fused weapons will drive the sales of munitions.
Regional Overview in the Global Smart weapons Market
By geography, the global smart weapons market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for the maximum revenue share in 2019. Due to the USA’s growing military expenditures, the continuous development and procurement of modern warfare equipment, including smart weapons, smart textiles, and advanced armament.
Global Smart Weapons Market: Competitive Landscape
Companies such Airbus Defence & Space, Aselsan A.S., BAE Systems PLC, Diehl Defence, General Dynamics, Hanwha Corporation, L3Harris, Israel Aerospace Industries Ltd., JSC Concern Vko “Almaz-Antey,” Kongsberg Gruppen, Leonardo S.P.A., Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Rafael Advanced Defense Systems, and Raytheon Company, are the key players in the global smart weapons market.
Table of Contents:
Global Smart Weapons Market
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
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